The National Debt Counsellors Association (NDCA) has warned that many of their consumers, particularly homeowners were seeing their combined spending on electricity, rates, and other municipal service charges in many cases being more than what they spent on their bond repayments.
NDCA chairperson Benay Sager yesterday said South Africa should strive to reverse the situation over the next few years in such a way to help all consumers, particularly homeowners to be able to build wealth and build some equity in their homes.
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